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27 March 2024 | 2 replies
Do they usually do a monthly flat rate (this would include the winter when its not needed)?
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25 March 2024 | 0 replies
Concessions could be utilized in a greater percentage of transactions as buyers look to reduce out of pocket expenses or offset costs to their representatives in instances where seller paid buyer commissions are not an option.High level, in the immediate future I don't think too much changes (beyond mechanics) for spring transactions.
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26 March 2024 | 23 replies
For distressed properties I intend to keep as rentals, the buyer pool is greatly reduced and being able to close cash and waive inspections provides a lot of negotiating power.
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27 March 2024 | 3 replies
What is included in the rent?
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27 March 2024 | 2 replies
Dealing with nightmare sellers, including a dog left unattended for days, a break-in, and hidden foundation issues sounds like a real challenge.
27 March 2024 | 6 replies
The purchase price is listed at $285K and that includes ownership of the land, laundromat, and shop.
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27 March 2024 | 21 replies
Otherwise, I spend a few hours on bookkeeping each week, but that includes all my properties and business entities.
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28 March 2024 | 20 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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28 March 2024 | 10 replies
Typically each chapter would have a housing board, that could include alumni.
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27 March 2024 | 8 replies
That is for the set up only with some kind of bricklike surround, it does NOT include moving the modular to your site.